Provides cover for your vehicle used for commercial purpose. The policy covers against accidental damage or loss to the vehicle and also extends cover against third party liability arising out of use of the car.
The Following two types of covers can be purchased for your Commercial vehicle:
1.) Motor Third Party Only:
This is a basic insurance policy that covers against liabilities that arise from your vehicle causing bodily injuries and property damages to third parties. It is a minimum requirement by the law for any motor vehicle owner.
2.) Motor Comprehensive Cover:
This is a comprehensive policy that provides insurance against theft and material damage of the vehicle in addition to third party bodily injury and property damage liabilities that your vehicle causes. With additional premium the cover can be extended to cover Political violence and Terrorism risks.